Winnebago Industries, Inc. (NYSE:WGO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The brokerage currently has a $33.00 price objective on the construction company’s stock. Zacks Investment Research’s target price suggests a potential upside of 25.71% from the company’s previous close.
According to Zacks, “Winnebago’s second-quarter fiscal 2017 earnings and revenues increased year over year and beat the respective Zacks Consensus Estimate. The company benefitted from the acquisition of towable recreation vehicles producer, Grand Design and is expected to continue to do so. Moreover, Winnebago is positioned to benefit from growing new motorhome market traction, focus on business expansion and quality improvement. Management also expects to benefit from better performance of the towables business, driven by product launches, expansion of its dealer network and improved productivity. “
Several other analysts have also commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $29.00 price objective (down previously from $40.00) on shares of Winnebago Industries in a research report on Friday, March 10th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating in a research report on Thursday, March 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.00.
Shares of Winnebago Industries (NYSE:WGO) traded up 0.57% during trading on Friday, reaching $26.25. 329,278 shares of the company were exchanged. The stock’s 50-day moving average is $28.86 and its 200-day moving average is $31.03. Winnebago Industries has a 52-week low of $20.19 and a 52-week high of $39.30. The firm has a market cap of $829.13 million, a price-to-earnings ratio of 13.64 and a beta of 1.95.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, March 22nd. The construction company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Winnebago Industries had a net margin of 4.84% and a return on equity of 18.27%. The business had revenue of $370.50 million for the quarter, compared to analysts’ expectations of $345.19 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 64.2% compared to the same quarter last year. Equities research analysts predict that Winnebago Industries will post $2.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, April 10th. Winnebago Industries’s dividend payout ratio is 22.35%.
In related news, Director Richard D. Moss acquired 1,500 shares of the stock in a transaction on Monday, January 23rd. The shares were acquired at an average price of $30.74 per share, with a total value of $46,110.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $30,740. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David W. Miles acquired 2,000 shares of the stock in a transaction on Tuesday, April 11th. The stock was bought at an average cost of $25.65 per share, for a total transaction of $51,300.00. Following the transaction, the director now owns 3,600 shares of the company’s stock, valued at approximately $92,340. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,278 shares of company stock worth $224,603. Insiders own 1.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. New Jersey Better Educational Savings Trust raised its stake in Winnebago Industries by 14.3% in the third quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the construction company’s stock valued at $566,000 after buying an additional 3,000 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in Winnebago Industries by 0.9% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 490,177 shares of the construction company’s stock valued at $11,553,000 after buying an additional 4,470 shares during the period. HL Financial Services LLC raised its stake in Winnebago Industries by 17.5% in the third quarter. HL Financial Services LLC now owns 104,615 shares of the construction company’s stock valued at $2,466,000 after buying an additional 15,564 shares during the period. K.J. Harrison & Partners Inc acquired a new stake in Winnebago Industries during the third quarter valued at about $236,000. Finally, Great West Life Assurance Co. Can raised its stake in Winnebago Industries by 3.4% in the third quarter. Great West Life Assurance Co. Can now owns 37,058 shares of the construction company’s stock valued at $872,000 after buying an additional 1,222 shares during the period. 83.36% of the stock is currently owned by institutional investors.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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